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We construct measures of net private and public capital ows for a large cross-section of developing countries considering both creditor and debtor side of the international debt transactions. Using ...
The article explains the lower relative rates of return that foreigners have earned on their U.S. investments, which might reflect optimal decisions in efficient capital markets. Estimates show that f...
Global current account imbalances are one of the key macroeconomic imbalances that underlie the global financial crisis. The central objective of this paper is to analyze the causes and consequences...
Global Imbalances and China     China  Global Imbalances       2008/12/4
The global economy is suffering from serious imbalances characterized by deterioration of the US current account deficit, rapid increases in oil and raw material prices and excessive international liq...

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